401(k) · DOL Form 5500 · 2023
Parsons Corporation 401(k) Plan
Data updated 2026-08-25
- $2.0B
- Total assets Very large vs avg
- 9,394
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $216,942
- Avg per participant Above avg balance/head
Official DOL plan name: Parsons Corporation Retirement Savings Plan · Sponsored by Parsons Corporation · Virginia · Professional & Technical Services
$2.0B in assets, 9,394 participants
Parsons Corporation's Parsons Corporation Retirement Savings Plan reported $2.0B in total assets and 9,394 participants in its 2023 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #20,241 in Professional & Technical Services (20,321 peers)
Coverage in Virginia
Parsons Corporation Retirement Savings Plan covers 9,394 participants in Virginia, 12x the typical Virginia plan (state average ~782 per filing). Assets: $2.0B.
- #20,241
- in Professional & Technical Services (20,321 peers)
- +21.1%
- assets growth YoY
- 20×
- vs typical plan assets (national mean)
Parsons Corporation Retirement Savings Plan's outsized position by total assets
Parsons Corporation Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$2,037,954,460 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Parsons Corporation Retirement Savings Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Parsons Corporation Retirement Savings Plan lands in the large band (9,394 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Parsons Corporation Retirement Savings Plan reported net income rose from -$364M in the plan year 2022 filing to $258M in the plan year 2023 filing.
- Parsons Corporation Retirement Savings Plan end-of-year assets rose from $1.7B in the plan year 2022 filing to $2.0B in the plan year 2023 filing.
- Parsons Corporation Retirement Savings Plan reported participants fell from 9,497 in the plan year 2022 filing to 9,394 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 953232481 · Parsons Corporation PY 2023 · 401(k)
Parsons Corporation Retirement Savings Plan · $2.0B · 9,394 · 99th
- EBSA $2.0B
- PART 9,394
- TYPE 99th
- NET 401(k)
- BOOK near Bjc 401(k) Plan
- VS-ST ind #20241
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in Virginia →
Parsons Corporation Retirement Savings Plan in the asset neighbourhood
Virginia filing particulars
| Total Assets (Beginning of Year) | $1.7B |
|---|---|
| Net Assets (End of Year) | $2.0B |
| Net Income | $258M |
| Employer EIN | 953232481 |
| Plan Effective Date | 1995-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Parsons Corporation)
Sponsor-wide plan assets over time
All Parsons Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $7.3B 56.907386624772194% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 17,301 | $4.6B |
| 2023 | 2 | 17,265 | $5.8B |
| 2024 | 2 | 18,435 | $7.3B |
Nearby 401(k) Plans in Virginia
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Northrop Grumman Savings Plan $36.2B · 97,987
- 401(k) Pension Plan $15.0B · 62,467
- General Dynamics Corporation 401(k) Plan 6.0 $11.2B · 48,860
- Leidos, Inc. Retirement Plan $10.6B · 27,043
- Bae Systems Employees' Savings and Investment Plan $9.4B · 31,681
Scale composition for Parsons Corporation Retirement Savings Plan
Parsons Corporation Retirement Savings Plan reports $2.0B in end-of-year assets across 9,394 participants (0.017% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $216,942 per participant (1.6x the national average assets-per-participant) . Net income for plan year 2023 was $258M.
This plan identity (EIN 953232481, plan #115) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.7B to $2.3B (+35.2%) while covered participants moved from 9,497 to 10,395 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 9,497 | $1.7B | Open filing |
| 2023 | 9,394 | $2.0B | This page |
| 2024 · index core | 10,395 | $2.3B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Parsons Employee Stock Ownership Plan (ESOP, $5.0B, 8,040 participants)
- Parsons Corporation Retirement Savings Plan (401(k), $2.3B, 10,395 participants)
Parsons Corporation Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Virginia, the nearest 401(k) by assets is Bjc 401(k) Plan in MO ($2.0B); by covered participants it is The Alerislife Retirement Plan in MA (9,391 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.0B here).
- Bjc 401(k) Plan (MO) $2.0B · 29,675
- Llns 401(k) Retirement Plan (CA) $2.0B · 7,519
- Kohl's Inc. Savings Plan (WI) $2.0B · 60,058
- Nrg Affiliates Employee Savings Plan (NJ) $2.0B · 6,623
Similar participant headcount
Nearest other-state filings by covered participants (9,394 participants); asset peers above are excluded.
- The Alerislife Retirement Plan (MA) 9,391 · 3 off
- Total Quality Logistics, LLC Retirement Plan (OH) 9,391 · 3 off
- Usi 401(k) Plan (NY) 9,397 · 3 off
- Telephone and Data Systems, Inc. Tax-Deferred Savings Plan (WI) 9,408 · 14 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.